20 November 2013 22:54 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--Honeywell subsidiary UOP sees Brazil's growing offshore oil production as a strong market for its floating production storage and offloading (FPSO) technology, company executives said on Tuesday.
About 90% of Brazil's oil production is offshore, said Michael Cleveland, general manager, Latin America, for UOP.
Cleveland made his comments on the sidelines of the annual meeting of the Latin American Petrochemical Association (APLA).
Already, the company has sold its technology to 14 FPSO vessels in Brazil. Two currently are in operation.
FPSO vessels are used to process crude and the associated gas produced from offshore oil wells. They remove carbon dioxide (CO2) and other contaminants and provide temporary storage until they can be offloaded into a tanker.
Such vessels are necessary when pipelines do not connect the wells to onshore gas processing units.
Since starting in 2008, production in Brazil's offshore pre-salt region has reached 250m bbl of oil equivalent, Petrobras said during the Offshore Technology Conference held earlier this year in Rio de Janeiro.
As of September, current production has reached 329,000 bbl/day from the pre-salt, Petrobras said, eight times higher than the average in 2010.
Currently, six platforms are in production in the pre-salt Campos Basin and three in the Santos Basin, as well as two roving platforms that are used for extended well tests, Petrobras said.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections